LEAST DEVELOPED COUNTRIES MINISTERIAL AND BUSINESS EXECUTIVE ROUND TABLE (in partnership with the United Nations Office of the High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States)

LEAST DEVELOPED COUNTRIES MINISTERIAL AND BUSINESS EXECUTIVE ROUND TABLE (in partnership with the United Nations Office of the High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States)

Date: Friday, 22 October 2021
Time: 11:00-13:00

The role of FDI in economic recovery

FDI is an important potential source of development finance for least developed countries (LDCs) and can be complementary to official development assistance (ODA). Despite gradual improvements over the years in the legal and regulatory frameworks for investment in LDCs, the pandemic has been a shock to their economies with FDI inflows significantly affected and existing structural weaknesses amplified.

Many LDCs are highly dependent on investment in extractive industries, which has been negatively affected by oil and commodity price shocks, while others are dependent on the travel and tourism sectors which have been among the hardest hit by the pandemic crisis.

A lot still needs to be done to make LDC economies successful competitors for FDI projects. In line with the objective of achieving a truly inclusive and sustainable global economic recovery, it is more important than ever to provide support to institutions that promote investment towards LDCs is more important than ever. This high-level meeting of LDC ministers and business executives will discuss the role of FDI in economic recovery and reconstruction plans. It will seek to advance ideas on how to strengthen the investment climate of LDC economies and the role of investment promotion agencies in channeling investment towards sectors that are key for sustainable economic recovery.

Issues to be addressed:

  • Ways to improve the capacity of LDC governments to promote and facilitate investment
  • SDG-focused strategies for investment promotion and facilitation
  • Initiatives to diversify investment in LDCs, including the targeting of investment for SDG-related projects

Opening: 

  • Ms. Rebeca Grynspan, Secretary-General, UNCTAD

Panellists:

  • Mr. Courtenay Rattray, UN Under-Secretary-General and High Representative, UN-OHRLLS
  • H.E. Mr. Mario Augusto Caetano Jõao, Minister of Economy and Planning, Angola [TBC]
  • H.E. Mr. Tipu Munshi MP, Honorable Minister, Ministery of Commerce, Bangladesh
  • H.E. Mr. Sok Chenda Sophea, Minister attached to the Prime Minister, Secretary-General of the Council of the Development of Cambodia, Cambodia
  • H.E. Mr. Michel Patrick Boisvert, Minister of Economy and Finance, Republic of Haiti
  • H.E. Mr. Bootii Nauan, Ministry of Commerce, Industry and Cooperatives, Kiribati [TBC]
  • H.E. Ms. Inácia Teixeira, Vice Minister of Community and Cultural Tourism, Timor Leste
  • H.E. Ms. Rose Kayi Mivedor, Minister of Investment Promotion, Republic of Togo
  • H.E. Ms. Evelyn Anite, State Minister for Investment and Privatization, Uganda [TBC]
  • Ms. Madalitso Kazembe, Chairperson, SADC Business Council
  • Mr. Ratnakar Adhikari, Executive Director, Enhanced Integrated Framework, World Trade Organisation
  • Ms. Vera Songwe, Executive Secretary, United Nations Economic Commission for Africa
  • Mr. Leonard Stiegeler, Member of the Board of Directors, Swiss-African Business Circle

Moderator:

  • Ms. Yvonne Okwara, Senior News Anchor, Kenyan Television

Event manager: Ms. Stephania Bonilla-Feret
Contact email: Stephania.Bonilla@unctad.org